Regency Capital Management Inc. DE Makes New Investment in EOG Resources, Inc. $EOG

Regency Capital Management Inc. DE bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,682 shares of the energy exploration company’s stock, valued at approximately $3,279,000. EOG Resources makes up about 1.5% of Regency Capital Management Inc. DE’s holdings, making the stock its 25th biggest position.

Other institutional investors also recently modified their holdings of the company. Twin Capital Management Inc. boosted its holdings in EOG Resources by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after purchasing an additional 79 shares during the period. Hardy Reed LLC increased its holdings in shares of EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after purchasing an additional 82 shares during the period. Fulton Bank N.A. increased its holdings in shares of EOG Resources by 2.1% during the first quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock worth $662,000 after purchasing an additional 93 shares during the period. Ethos Financial Group LLC raised its position in shares of EOG Resources by 2.5% in the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after buying an additional 100 shares in the last quarter. Finally, Anchor Investment Management LLC raised its position in shares of EOG Resources by 44.0% in the first quarter. Anchor Investment Management LLC now owns 334 shares of the energy exploration company’s stock valued at $48,000 after buying an additional 102 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EOG. Stephens cut their price target on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. Raymond James Financial dropped their price objective on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a report on Monday, June 22nd. Barclays upped their target price on EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Citigroup reduced their target price on EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Finally, Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $155.04.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $137.56 on Thursday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The firm has a market capitalization of $73.27 billion, a P/E ratio of 13.54 and a beta of 0.25. The company’s 50 day moving average price is $135.56 and its two-hundred day moving average price is $128.23.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the firm posted $2.87 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts forecast that EOG Resources, Inc. will post 16.18 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s payout ratio is currently 40.16%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.